Chongqing Polycomp International (SZSE:301526) Days Payable : 102.82 (As of Mar. 2024)

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What is Chongqing Polycomp International Days Payable?

Chongqing Polycomp International's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,462 Mil. Chongqing Polycomp International's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,298 Mil. Hence, Chongqing Polycomp International's Days Payable for the three months ended in Mar. 2024 was 102.82.

The historical rank and industry rank for Chongqing Polycomp International's Days Payable or its related term are showing as below:

SZSE:301526' s Days Payable Range Over the Past 10 Years
Min: 95.21 Med: 131.3 Max: 163.27
Current: 95.21

During the past 6 years, Chongqing Polycomp International's highest Days Payable was 163.27. The lowest was 95.21. And the median was 131.30.

SZSE:301526's Days Payable is ranked better than
75.05% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.335 vs SZSE:301526: 95.21

Chongqing Polycomp International's Days Payable declined from Mar. 2023 (128.18) to Mar. 2024 (102.82). It may suggest that Chongqing Polycomp International accelerated paying its suppliers.

Chongqing Polycomp International Days Payable Historical Data

The historical data trend for Chongqing Polycomp International's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Chongqing Polycomp International Days Payable Chart

Chongqing Polycomp International Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

163.27

134.89

126.57

127.71

108.40

Chongqing Polycomp International Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									128.18	92.99	93.86	88.58	102.82

Competitive Comparison of Chongqing Polycomp International's Days Payable

For the Textile Manufacturing subindustry, Chongqing Polycomp International's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Chongqing Polycomp International's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Chongqing Polycomp International's Days Payable distribution charts can be found below:

* The bar in red indicates where Chongqing Polycomp International's Days Payable falls into.

Chongqing Polycomp International Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Chongqing Polycomp International's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1893.263	+	1439.889)	/	2 )	/	5611.538	*	365
=	1666.576					/	5611.538	*	365
=	108.40

Chongqing Polycomp International's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1439.889	+	1484.913)	/	2 )	/	1297.883	*	365 / 4
=	1462.401					/	1297.883	*	365 / 4
=	102.82

Chongqing Polycomp International Days Payable Related Terms

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Chongqing Polycomp International (SZSE:301526) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Chongqing Polycomp International Corp (SZSE:301526) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Area B, Jianqiao Industrial Park, Dadukou, Chongqing, CHN, 400082

Website

https://www.cpicfiber.com

Chongqing Polycomp International Corp is engaged in research & development, production and sales of glass fiber and its products.

Chongqing Polycomp International (SZSE:301526) Headlines

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